Ratios are a mathematical comparison of two quantities, for example, the price-earnings ratio used to analyze a stock. Ratios of one firm are often compared across time, with those of a similar company, or with all firms in the industry, i.e. an industry ratio or industry average.  

Some major forms of financial ratios are:

• profitability (e.g. earnings per share)
• liquidity / risk (e.g. current ratio, quick ratio)
• efficiency (e.g. price-to-earnings ratio)

For additional information see Financial ratios and statement analysis. (2005). In Blackwell Encyclopedia of Management (2nd ed., pp. 194-198). Malden, MA: Blackwell. Retrieved 2022, October 19, from the Gale eBooks database.

Here's how to find company ratios in the Morningstar database.

An industry ratio (sometimes called industry benchmarks or averages) reflects the average financial or operational measures within a specific industry. They are calculated by aggregating financial data from multiple firms in the same industry. Common ratios include profitability, liquidity, solvency, and efficiency. 

These databases do not provide individual company ratios. For those, see What are financial ratios? on the Financials/Investments page of this research guide.

For medium to large companies

For small to medium-sized companies